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Bombardier Inc
Symbol BBD
Shares Issued 2,128,091,942
Close 2020-07-10 C$ 0.435
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Globe/wire say EU to rule July 31 on Bombardier sale

2020-07-13 07:15 ET - In the News

The Globe and Mail reports in its Saturday edition that European Union antitrust regulators have set a new deadline of July 31 to rule on Alstom SA's bid for Bombardier's transport business after the French TGV high-speed train maker offered to sell assets to address competition concerns. A Reuters dispatch to The Globe says that the European Commission, which posted the new deadline on its site on Friday, will now seek feedback from rivals and customers of both companies before deciding whether to accept the package or demand more in line with its procedures. Alstom on Thursday offered to sell its Reichshoffen regional train factory in eastern France, its regional train unit Coradia Polyvalent, and a Bombardier commuter trains division and the related production facilities at its Hennigsdorf site in Germany. The proposed assets are equivalent to the size of a medium-sized player in Europe, sources told Reuters. Bombardier closed Friday at 43.5 cents, up a penny on the Toronto Stock Exchange.

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